HOW ARE RETIREMENT BENEFITS DIVIDED IN AN OHIO DIVORCE?
As part of any divorce, finances are typically at the forefront of one’s concerns. No one wants to give up their rightfully earned assets, no matter how amicable they are with their ex-spouse. As a result, people often enter into protracted, combative disagreements regarding all things financial, particularly retirement benefits. Depending on the specifics of your particular situation, our Columbus family law attorneys of Weis Law Group will do all we can to advise you on your best course of action.
According to the Supreme Court of Ohio, retirement benefits that have been accumulated during the time of a marriage are considered marital assets and are thus shared equally. Under law, retirement benefits are divided equally as part of a marital division of property.
The following kinds of retirement benefits are considered part of equitable division of property, including but not limited to:
- Private plans offered through employers or otherwise accumulated by an individual
- Public plans offered through governmental, federal, and state entities
- Civil Service Retirement System
- Federal Employees Retirement System
- Federal Thrift Savings Plans
- Railroad Retirement Benefits
- Military Benefits (with some limitations)
- State Teachers Retirement System
- Public Employees Retirement System
- Police and Firemen Retirement System
- Deferred compensation plans
CONTACT OUR COLUMBUS FAMILY LAW ATTORNEYS TODAY
At Weis Law Group, we believe in upholding an unparalleled standard of excellence in the legal services we provide, no matter the complexities of your situation. Our Columbus family law attorneys feel a sincere sense of dedication in providing you with comprehensive legal counsel, care, and representation. If you are heading towards a divorce and want to enlist in the help of a skilled, compassionate, and experienced attorney who will fight with your best interests in mind, look no further than our firm.